This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Reasons to Sell Google, Wells Fargo, Tibco, LKQ, SL Green Realty Now

Stocks in this article: WFCGOOGLKQSLGTIBX

 

 

NEW YORK (TheStreet) -- The decline in the Standard & Poor's 500 earlier this month was a wakeup call for investors. The return of nearly half the lost value in just a span of two weeks is something to be watched carefully.

That's why it is time to look at some of the stocks that aren't as good to hold as they were before August, including some familiar names. They are nowhere near failure but if you want to invest in them it may be better to wait.

Read More: 10 Stocks Carl Icahn Loves in 2014

A technical study involved investor psychology, the trends in stocks and the price action. This analysis helps to decide on the stocks that are favorable for investors. Technical analysis aids in good trades and also to plan the stock execution in a better way.

Here are the stocks to avoid:

Wells Fargo

Wells Fargo (WFC)   has had a definite bullish trend, but in August took a drop. Shares, at $51, are up 12% for the year to date. The technical analysis shows two high swings that have the same top level and separated by a high known as head. The close down below the top indicates a sell signal. This change in trend started when WFC underperformed during July.

Courtesy of StockCharts.com

Read More: 7 Stocks Warren Buffett Is Selling in 2014

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,712.81 +251.49 1.53%
S&P 500 1,955.90 +28.79 1.49%
NASDAQ 4,458.0110 +75.1640 1.72%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs